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Zimre comes to the market

The Zimbabwe Reinsurance Corporation (Zimre), which dominates the reinsurance business in the country, although there are six other operators in the country, is coming on to the market although it…
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Barclays more than doubles profit

Zimbabwe has to rebuild investor confidence to address the country's socio-economic problems and one of the ways to do so is to establish a continuing relationship with the International Monetary…
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What’s in a name?

At independence, Margaret Dongo, now leader of the Zimbabwe Union of Democrats, was a comrade, in every sense. But today, she is no longer one. Justice, Legal and Parliamentary Affairs,…
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Fridgemaster to quit Zimbabwe!

FridgeMaster, which came into Zimbabwe a few years ago with a bang, is now planning to quit because "rampant inflation in Zimbabwe has significantly diminished disposable income reducing demand for…
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Milk producer price up

Dairibord Zimbabwe Limited (DZL) has increased the producer price of milk by 27 percent from $5.50 to $7 a litre but it says since the purchase of raw milk from…
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Tobacco watch

With auction floors due to open in two months, Zimbabwe's tobacco farmers, after receiving a battering last year in which they were only saved by the depreciation of the Zimbabwe…
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Radar in 125% profit increase

Bulawayo-based Radar Holdings saw its profit available for distribution increase by 125 percent from $7.7 million in the six months to December 1997 to $17.3 million during the same period…
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Rio Tinto quadruples its profit

Mining group Rio Tinto Zimbabwe's net profit nearly quadrupled from $57.8 million in 1997 to $208.2 million last year, largely because of the devaluation of the Zimbabwe dollar but the…